Tagged: Economic History

A (very) short history of UK fiscal rules - The Dismal Science

James Zuccollo Dec 27, 2014

Earlier this week the UK Government announced its new fiscal rule, which defines the fiscal envelope. For those of you who aren’t British, the deficit exceeded 10% of GDP during the recession and fiscal sustainability has become an important political issue, even for people who aren’t econ junkies! Unfortunately, this new rule is unlikely to […] … Read More

Christmas reading: McCloskey on Piketty - The Dismal Science

James Zuccollo Dec 25, 2014

It’s taken me a month to read it but Deirdre McCloskey’s essay on Piketty’s Capital is just as persuasive as you’d expect. Print it and read it with your family over Christmas! The review doesn’t break any new ground but it is eloquent and engaging. Her central themes are: The Industrial Revolution and Great Enrichment […] … Read More

Was tulipmania irrational? - The Dismal Science

Paul Walker Oct 07, 2013

It is often assumed that the tulipmania was the result of financial market irrationality and the mania is often used as an example of said irrationality. These idea were popularised by Charles Mackay, a mid-19th century Scottish writer. Mackay is best known for his book, Extraordinary Popular Delusions and The Madness of Crowds. But was the tulipmania really all about … Read More

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